New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-10-11
MONDAY, Oct. 10-P. ".

MONDAY, Oct 1O-P. NJ
Todays Washington Treasury's statement shows thas
since the date of last Saturdays statement the net pal
auce OF legal money held in the Treasury vaults was
reduced S431 ,3O1 and that does not INCLUDE
the loss OF the New-York Sub-Treasury or
Saturday and to-day. which aggregates $l.1273l6'
Yet ignorance issued its daily bulletin on Treasury
matters. stating that the Treasury gained s77o'ooo
In to-days stock speculation the "bears were In fuii
control so far as sentiment and prices were con-
cerned Although the recorded transactions amounted
to 372G35 shares at the Stock Exchange outside OF
matched orders there little business done which was
not the selling bear" TO another-the exchans
ing chips the green cloth VIII the bank redeem
all the chips at the end OF the gamef Here ana there'
however there picking up Of contracts ana TO
exactly the extent that occurred WIS the actual out
standing interest increased apart from that the real
business nothing than transfer OF contracts
deliver The special feature OF the day was marxeo
attention given TO depressing the Eastern trunk-hne
securities Under OF the early depression
in those stocks the effort to purchase Northwest
ern and St. Paul apparent. But whiie
buyers have been frightened ont OF the market
by gross misrepresentation repeated so oiten that LUG
authors now believe them. that the making or figures
at the menent is entirely in the hands OF the "har
clique little stock disturbed This was never more
clearly made manifest than 1t was to-day. lie
smashing o. Lake SHORE and Erie had no ef
feet on Northwestern and 1t. Paul prices TIL the
parties ia interest abandoned the effort TO purchase inc
stocks and turned to and washed and sold more OF
those stocks down to lower prices. 10 Is curious ana
remarkable feature OF the market that nowhere Is dis
covered an indication OF anxiety because OF
the continuous decline in prices Commission houses
aud brokers generally seem to DO as content as they
wonla be with fluctuations OF g per cent day without
any business to pay expenses The complaint OF want
of business is great 1t ever was and brokers are
equally happy with orders sell they with orders
to buy; the commissions are the same. VETO
brokers prefer TO their clients reap prohts
rather than losses, they glad 10
obtain the commissions either side Now they are
starving These are facts whea every broker who Is
not buying selling for tho bear" clique Will vouch
for. AS stocks cannot be continuously washed down
wthsut making sales and az the average broker
is idle, it is interesting problem to discover where
the actual contracts , sold ind rest
ing place Tine Will develop 1t. Lake
shore today sold down gig per cent TO 9Ois and
closed az 81. IN 1888 with q floating debt or over
900 600 ranged between and ia; since then
has paid of that debt reduced its funded debt SlOOOOOO
paid its ITS majority OF Nickel Plate stock.
all out Of earnings and earning per cent per
aunun stock and yet the "bcars" to-day appar-
emily sold It a. freely they would Richmond and West
Point So The settlement day will come. when the
misfortune will he that as well as good stocks VIII
respond To the demand.
Government bonds were dull and irregular; bids for
the LIS of Il and unchanged for the As. Annexed
nj he clO,inO